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Self-regulating giants

Apple joined the partnership on AI today. Apple, Amazon, Facebook, Google, IBM and Microsoft; along with six independent members from other artificial intelligence organizations, universities and the ACLU are now working together on progressing Artificial Intelligence in a more ethical manners.

Shall we be scared about having the giants working together in a coordinated manner powered by the huge amounts of data that was accumulated?

Having one of the giants of secrecy publishing articles and joining a public group shows how everyone, including the CEOs of those huge corporations, are aware of the need for collaboration and transparency.